The difficulty contains contemporary fairness sale of Rs 2,000 crore and a suggestion on the market (OFS) of Rs 2,000 crore. Down OrpheusAP Asia Opportunistic Holdings, Synergy Metals and state bank of india Some fairness shall be offloaded.
Within the public providing, roughly 50% is reserved for certified institutional buyers, 15% is reserved for non-institutional buyers, and the remaining 35% is reserved for retail buyers.
The online proceeds from the general public supply shall be used to partially finance the proposed cement plant in Nagaur, Rajasthan, repay debt and different basic company functions.
JSW Cement is an Indian cement manufacturing firm targeted on the manufacturing of inexperienced cement merchandise, together with blended cement, Portland composite cement and floor granulated blast furnace slag (“GGBS”). and a spread of associated cement merchandise, comparable to ready-mix concrete (“RMC”), screenings, building chemical compounds and waterproofing compounds. 6-7%. The Indian RMC trade is predicted to develop at a CAGR of 10-12% from FY24-29, which in flip will improve the demand for blended cement, GGBS, OPC, clinker and associated cement merchandise.
In fiscal 2024, the corporate’s income Working revenue rose to six,028 billion rupees from 5,837 billion rupees within the earlier yr. Simultaneous community profit It fell to Rs 62 crore from Rs 104 crore a yr in the past.
Zhuang Ming FinancialAxis Capital, Citigroup, and Kotak Funding Banking are all of the lead bookkeeping managers for the IPO.
